Meats Futures Prices

Fri Jul 20, 5:16PM CDT
Live cattle futures saw losses of 10 to 40 cents in most contracts on Friday. Nearby was Aug up 2.5 cents on the day and 4.18% higher on the week. Feeder cattle futures were down a nickel to 77.5 cents on the day. The CME feeder cattle index was down 29 cents from the previous day at $148.02 on 7/19. Estimated FI cattle slaughter is at 635,000 head through Saturday. That is up 17,000 from the same week last year but down 15,000 head vs. last week. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were down 32 cents to $204.17, while Select boxes were 8 cents higher at $197.00. Friday’s Cattle on Feed report showed placements 1.3% higher than last year at 1.793 million head, with marketings at 2.006 million head, up 0.85%. July cattle on feed was shown at a record for the month at 11.282 million head, up 4.26% from last year. The bi-annual Cattle Inventory report saw all cattle and calves 1% larger than last July 1 at 103.2 million head. Beef cows were up 0.9% with replacement heifers down 2.1% at 4.6 million head. Light cash trade is being picked up at $113 in NE on Friday afternoon, with $113 bids in TX.Aug 18 Cattle closed at $108.925, up $0.025,Oct 18 Cattle closed at $110.250, down $0.400,Dec 18 Cattle closed at $114.200, down $0.225,Aug 18 Feeder Cattle closed at $153.675, down $0.775Sep 18 Feeder Cattle closed at $154.550, down $0.225Oct 18 Feeder Cattle closed at $154.775, down $0.150

Fri Jul 20, 5:16PM CDT
Lean hog futures settled with 80 cent to $1.275 losses in most contracts on Friday. The CME Lean Hog Index was down 53 cents on July 18, to $78.62. The USDA pork carcass cutout value was down $1.83 on Friday afternoon at $80.86. The belly led the way, down $11.60, with the butt, rib, and ham following. The national base carcass price was $68.07 in the Friday PM report, down $1.18 from the day prior. USDA estimated weekly FI hog slaughter at 2.382 million head through Saturday. That is 179,000 head above last year, and up 107,000 head from the week previous on huge Saturday slaughter.Aug 18 Hogs closed at $66.450, down $0.800,Oct 18 Hogs closed at $51.275, down $0.950Dec 18 Hogs closed at $45.925, down $0.950